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The Impact of Digital Transformation in the Sports Industry
- 1 Rosedale Global High School, Beijing, 102209, China
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Abstract
This paper explores the impact of digital transformation on the sports industry. It begins with an analysis of the current state of the traditional sports industry and then advance to its foundational role in the development and adaptation of technological innovations to modern sports. This article discusses how three different sports organizations have successfully engaged in digital technology integration and digital transformation, citing the cases of Liverpool Football Club, ESPN, and the NBA as three outstanding sports organizations, including changes that have occurred in operating models, revenue streams, and fan interactions. The study also covers the barriers and difficulties faced by sports organizations in digital transformation as well as the strategies and methods needed to cope with it, such as adapting to traditional models, investing in technology, and changing the culture of the company. In addition, this paper focuses on the long-term impact of digital transformation in the sports industry, which has changed the traditional business models and revenue streams of the sports industry, increasing the user experience, but also preserving the spirit and values of traditional sports. This paper expresses deep insights into the modern development of digital transformation and the integration of tradition, and looks forward to the future development path of the sports industry.
Keywords
Digital Transformation, Sports Industry, Technological Innovation
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Cite this article
Wang,Y. (2024). The Impact of Digital Transformation in the Sports Industry. Advances in Economics, Management and Political Sciences,77,1-6.
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Volume title: Proceedings of the 3rd International Conference on Business and Policy Studies
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